Barrick Mining Corporation $B Stock Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth cut its Barrick Mining stake by 21.2% in the third quarter, selling 26,845 shares and retaining 99,767 shares valued at about $4.07 million.
• Institutional investors and hedge funds own 90.82% of Barrick shares; third-quarter activity was mixed, with several firms initiating or adding positions while Ashton Thomas reduced its holding.
• Barrick reported quarterly EPS of $0.82, slightly above estimates, and revenue of $5.29 billion, up 43.8% year over year. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $52.59.

Ashton Thomas Private Wealth LLC trimmed its stake in Barrick Mining Corporation (NYSE:B - Free Report) TSE: ABX by 21.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,767 shares of the gold and copper producer's stock after selling 26,845 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Barrick Mining were worth $4,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset One Wealth Management LLC bought a new stake in Barrick Mining in the third quarter valued at approximately $269,000. Freemont Management S.A. bought a new position in Barrick Mining during the third quarter worth $1,627,000. Caldwell Trust Co raised its stake in Barrick Mining by 18.7% during the third quarter. Caldwell Trust Co now owns 37,346 shares of the gold and copper producer's stock worth $1,519,000 after buying an additional 5,873 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in Barrick Mining by 243.4% in the third quarter. Provenance Wealth Advisors LLC now owns 3,176 shares of the gold and copper producer's stock valued at $129,000 after buying an additional 2,251 shares during the period. Finally, Next Level Wealth Planning LLC acquired a new position in Barrick Mining in the third quarter valued at $57,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

More Barrick Mining News

Here are the key news stories impacting Barrick Mining this week:

• Positive Sentiment: Zacks says Barrick’s history of earnings surprises and favorable estimate-related indicators could set the company up to beat expectations again. This is a signal of potential, not a guarantee of a beat. Article: Why Barrick Mining Could Beat Earnings Estimates Again
• Positive Sentiment: Q3 previews point to higher gold prices and production as potential drivers of earnings growth. Gold above $4,000 could also support the sector’s outlook, though company-specific results will depend on costs and execution. Article: Barrick Mining to Post Q3 Earnings: What's in the Offing for the Stock?
• Positive Sentiment: Barrick’s reported Pen Gold expansion ahead of planned 2027 drilling may add exploration upside, although any potential contribution is longer-term and depends on drilling results. Article: Barrick Mining Stock Adds Pen Gold Expansion Ahead of 2027 Drilling
• Neutral Sentiment: Scotiabank made modestly mixed changes to its estimates: it trimmed 2026 EPS to $3.60 from $3.61, but raised 2027 EPS to $3.84 from $3.79. It maintained an Outperform rating and a $55 price target.
• Negative Sentiment: Higher operating costs could temper the benefit of stronger gold prices and production in Q3. Article: Barrick Mining to Post Q3 Earnings

Barrick Mining Price Performance

Shares of NYSE B opened at $40.51 on Friday. The firm has a market capitalization of $65.98 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.26 and a beta of 0.52. The firm's 50-day moving average price is $41.32 and its 200-day moving average price is $41.98. The company has a current ratio of 3.01, a quick ratio of 2.36 and a debt-to-equity ratio of 0.13. Barrick Mining Corporation has a 1-year low of $32.17 and a 1-year high of $54.69.

Barrick Mining (NYSE:B - Get Free Report) TSE: ABX last issued its earnings results on Monday, August 10th. The gold and copper producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. Barrick Mining had a return on equity of 16.02% and a net margin of 31.60%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $0.47 EPS. The firm's revenue for the quarter was up 43.8% compared to the same quarter last year. Equities research analysts anticipate that Barrick Mining Corporation will post 3.49 earnings per share for the current fiscal year.

Barrick Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were paid a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 31st. Barrick Mining's dividend payout ratio (DPR) is 18.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on B shares. Weiss Ratings raised Barrick Mining from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Scotiabank decreased their target price on Barrick Mining from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Wednesday, August 12th. Barclays lifted their target price on Barrick Mining from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. Freedom Broker lowered Barrick Mining from a "buy" rating to a "hold" rating and dropped their price target for the company from $54.00 to $46.00 in a research note on Thursday, October 22nd. Finally, Citigroup boosted their price target on Barrick Mining from $41.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Barrick Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.59.

About Barrick Mining

Barrick Mining Corporation, formerly known as Barrick Gold Corporation, is a global mining company focused primarily on the exploration, development and production of gold and copper. Its activities include operating mines, advancing development projects and managing mineral reserves across multiple jurisdictions.

The company’s gold operations include Nevada Gold Mines in the United States, a joint venture in which Barrick is the operator, as well as mines and projects in Canada, the Dominican Republic, Mali, Côte d’Ivoire, Tanzania and the Democratic Republic of the Congo.

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